Square Enix is joining the news teasing club this week, but their announcement isn’t about a console title. The publisher is working on a 4 vs. 4 action game with online multiplayer support.

The arcade project is a collaboration with ByKing. Who’s ByKing, you say? An Akihabara based video game developer run by Shinichiro Obata. They worked with Namco Bandai on Mobile Suit Gundam: Extreme Vs. and created a free iPhone game called Chicken Run.

We won’t hear about the project until January 11, 2012… unless Famitsu gets a look at it first.